Addentax Group agrees to $1.5 million private placement
ATXG•Addentax Group agreed to sell 312,500 shares to Chan Kai Fung at $4.80 each, for approximately $1.5 million in gross proceeds. The company plans to use net proceeds for general corporate purposes, including working capital and potential strategic investments.
1. Placement terms
Addentax Group agreed on November 5, 2026, to sell 312,500 common shares to Chan Kai Fung at $4.80 per share. The private placement is expected to generate approximately $1.5 million in gross proceeds; net proceeds are intended for general corporate purposes, including working capital and potential strategic investments. The unregistered shares are expected to be issued offshore under Regulation S.
